• Crypto Lists
  • Bitcoin
  • Blockchain
  • ICO
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    featured image

    Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

    featured image

    Top 5 Online Merchants That Accept Cryptocurrency

    featured image

    An account into Bitcoin Lightning Network Progress and other Scalability Solutions

    featured image

    Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Trade Signal
    • News
      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

      US-China trade war effect on Bitcoin Price

      US-China trade war effect on Bitcoin Price

    • Crypto Market
    • Guide
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      featured image

      Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

      featured image

      Top 5 Online Merchants That Accept Cryptocurrency

      featured image

      An account into Bitcoin Lightning Network Progress and other Scalability Solutions

      featured image

      Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Trade Signal
      • News
        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

        US-China trade war effect on Bitcoin Price

        US-China trade war effect on Bitcoin Price

      • Crypto Market
      • Guide
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Blockchain

      Parksen is using blockchain and crypto for smart, green cities

      Hitesh Malviya by Hitesh Malviya
      June 6, 2018
      in Blockchain
      0 0
      0
      Parksen
      16
      SHARES
      67
      VIEWS
      Share on FacebookShare on Twitter

      Have you ever lived in a city that you love and watched it turn into something that it’s not? Ever wished you could drive your local city council to fix specific issues so that your city might flourish once more? Well, Parksen might be the solution.

      Parksen is a Dutch app provider that has been active in the Netherlands since 2015. Their cloud-based parking solution systems have been integrated by over Dutch 100 municipalities, and users of the app can enjoy the most affordable parking rates in the country. Experiencing the difficulty municipalities had with consistent innovation, Parksen decided to look across the border for more significant opportunities.

      Where Are They Going?

      Although their application has been tried and tested, the company is shifting its attention towards greater ambitions, which include cryptocurrency integration and sustainable city development. That is why they have launched an ICO, of which the pre-sale starts today.

      With the proceeds of the upcoming ICO, Parksen will work on two of their products: further development of their parking application, and the creation of their City Platform. All in-app transactions of these products will run on PARQ, Parksen’s token on the Ethereum Blockchain.

      What Will They Do?

      Their efforts are focused on four elements;

      • Real-Time Data Collection Parksen plans on scaling alongside the development of IoT. They see opportunities to collect massive amounts of data by strategically placing IoT sensors all over a city. Through these devices, they will continuously collect real-time information on local traffic congestion, harmful emissions, and parking spot usage. This information will be made available to all stakeholders through their city platform and the parking application.
      • Creating of the City Platform Parksen is going to work on what they call a Green, Smart and Connected City Platform. Reliant on a massive amount of collected data, this platform will offer a universal dashboard for drivers, parking garages, and municipalities on which they can see a real-time map of the city, its current level of traffic congestion and the amount of toxic emission and pollution in the air.
      • With the available data, Parksen believes that cities can take proper measures to fight these negative factors that are plaguing the financial, mental and physical health of their citizens. Is there a high percentage of accidents at a specific intersection? Parksen’s data might be able to tell you why and how you can take actions to avoid them in the future.
      • Offering a universal solution, Parksen hopes to connect municipalities and cities all over the world, tying them all to the same platform and saving cities the development costs of having to implement singular updates and solutions.

      Further Development of Parking Application The current MVP application is as light as can be. In the future, Parksen wants to use the collected data to provide drivers with real-time information on the state of traffic in their area, the available parking spots and the quickest route to destinations. Users will also be able to locate and reserve a spot ahead of time, minimizing the time spent searching and decreasing chances of being stuck in traffic.

      Stimulating Mainstream Adoption of Cryptocurrencies

      By creating solutions that are attractive to the local and national government, Parksen hopes to increase trust towards cryptocurrencies and blockchain technology among regular citizens. The PARQ token will be the string that threads all of the products together.

      With the tokens, both drivers and municipal or corporate users will be able to pay for parking and purchase IoT devices and other sustainable city equipment such as electronic chargers for cars and a wide variety of smart sensors.

      The PARQ token is an ERC20 standard that will be powered and supported by the Ethereum blockchain.

      Why Use Blockchain?

      Right now, the Ethereum blockchain would not be able to handle the sheer volume of future transactions, but that is why Parksen, for the time being, will put transactions in the blockchain once a month, bundled in a hash.

      More interesting is Parksen’s plan to utilize the smart contract utility offered by the Ethereum blockchain. They aim to create and maintain binding contracts between consumers, municipalities and parking garages that will keep prices in check so that consumers never over-pay for their parking actions.

      Finally, the collected data made available to all parties so that they may use it to develop and execute sustainable and smart city developments that fight back traffic congestion and toxic emissions.

      Critical Information

      Parksen has a total supply of 10.000.000.000 PARQ tokens, of which they will make 2.500.000.000 available during their ICO. The pre-sale, which has started today, will run until the sale of 500.000.000 tokens, after which the public sale will commence. The public sale will run for a year but might end sooner depending on the number of buyers.

      During the pre-sale, interested parties can purchase PARQ with a 30% discount at 0,07 USD per PARQ. Investors can buy PARQ tokens in Ethereum or Bitcoin. Fiat currencies payments can also be made at a later time.

      The Verdict

      The end goal of Parksen is to make our cities more efficient and sustainable. They have taken an interesting approach to it, by combining the cryptocurrency world with their environmental and political goals, they have made sure that two very far, very different worlds are involved in a common purpose.

      They have received a lot of positive feedback, faith and interest from an interesting club of advisors, among which are policymakers within the European Parliament, IoT experts, and cryptocurrency industry leaders. The only thing users need to look out for is how smoothly they integrate the cryptocurrency aspect into the whole product.

      The team is highly experienced, and they have worked on blockchain before, so the integration of these two aspects should go through seamlessly. What Parksen wishes to accomplish is slightly ambitious, because it doesn’t all revolve around technology. It involves humans and much actual change. The most trying part of their plan is going to be making good on their promises of change and progress, other than that the product is fool-proof.

      Visit the token sale website – https://www.parqtoken.com/

      Download their app here – https://www.parksen.com/

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: Parksen
      Share16TweetPin

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      Can AI And Blockchain Be Used In The Fight Against Deep Fake?

      Can AI And Blockchain Be Used In The Fight Against Deep Fake?

      by Guest Author
      June 30, 2020
      0

      In this article, we will discuss how blockchain can be used in the fight against deep fake. Cybercrimes have been...

      featured

      Five Reasons Why Industries Adopt Blockchain

      by Guest Author
      May 20, 2020
      0

      As global commerce rapidly expands, more industries are adopting blockchain systems for record-keeping. Unlike standard databases, blockchain is a distributed...

      featured image

      How Blockchain Can Revolutionize the Education Industry

      by Guest Author
      April 18, 2020
      0

      You must be wondering that isn’t Blockchain the same platform responsible for powering Bitcoin, the virtual currency that took off...

      featured image

      Solana had a record launch on Binance with 380% price gain, what is this project all about?

      by Nivesh Rustgi
      April 11, 2020
      0

      With the evolution of the cryptocurrency and blockchain industry, the contributors to the ecosystem have arrived at a dilemma which...

      featured image

      Top 5 Largest Mergers and acquisitions deals in the cryptocurrency industry

      by Hitesh Malviya
      April 3, 2020
      0

      The cryptocurrency industry has undergone various changes in the past eleven years since its inception. Despite regular regulatory challenges, the...

      Load More

      About Us

      We share important articles on blockchain technology here. Our mission is to spread the awareness about blockchain technology to masses through content.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      May 2, 2020
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      May 12, 2020
      featured image

      Top 10 Low market cap altcoins to invest in 2020

      June 2, 2020
      How to Buy Cryptocurrency in China

      How to Buy Cryptocurrency in China

      February 17, 2020
      featured

      A starter guide to Bitcoin Options trading

      July 6, 2020
      Find an Altcoin Bottom

      How to Find an Altcoin Bottom and Uptrend

      April 30, 2020
      binance exchange safe

      How Safe is Binance Exchange

      August 21, 2020
      playcent

      Introducing Playcent- Decentralised Wix for interactive apps and games

      December 14, 2020
      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      September 27, 2020
      Bitcoin [BTC] Price Analysis – Monthly Returns

      Bitcoin [BTC] Price Analysis – Monthly Returns

      September 1, 2020
      Featured Image

      PrimeXBT – A Smart Platform to Trade Crypto, Forex, and CFD

      August 28, 2020
      featured image

      Bitcoin [BTC] Price Prediction: Parabolic Fractals from 2019

      August 2, 2020
      featured image

      Top 10 Staking Coins Everyone Should Know About

      July 26, 2020
      featured

      4 Interesting Ways Blockchain Technology Impacts Higher Education

      July 21, 2020
      • featured image

        List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

        55 shares
        Share 55 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2020

        20 shares
        Share 20 Tweet 0
      • Top 5 DeFi Crypto Projects

        52 shares
        Share 52 Tweet 0
      • A starter guide to Bitcoin Options trading

        51 shares
        Share 51 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.